April 20

Greenwich Market Newsletter April 20, 2012

Dear Jared,    For the first few weeks of April we have seen an incredible amount of activity.  As I mentioned last week we had 48 properties sell in the month of March in Greenwich.  Through the first twenty days of April there have already been 49 properties sold.  In the paragraphs following I will dive into the past twenty days in more detail.  Below you will see a list of the open houses for the weekend.  On the right hand side will be useful mortgage or community information.  If you know someone who would benefit from this information please click on "forward to a friend" on the right.  If you have received this in error feel free to unsubscribe.  Please contact me if you or someone you know is interested in buying or selling real estate.  Also, if there is specific information you would like to see or think it would be good to add to this newsletter please send me an email. First and foremost as of March 27, 2012 the average sale price vs list price  and average days on market were as follows: Town                 %SP/LP            AVG DOM Riverside              91.7                        117 Old Greenwich      94.6                         97 Greenwich             92.4                        178 Cos Cob                96.3                        261 Total                       92.9                        164 There are three very encouraging signs that show us this market is starting to heat up.  First, we are seeing homes new to the market moving into Accepted Offers or Contingent Contracts in shorter amount of times.  Secondly, we are seeing movement in all price ranges.  Third, as mentioned above we have seen 49 properties sold in just the first twenty days of April vs. 48 for the entire month of March.  For example, of the 54 homes that were Accepted Offers, or Contingent Contracts, 24 were put on the market since March 1st, with four of those actually put on in April.  The price ranges for the Accepted Offers and Contingent Contractors were as follows: $0-$500K=     5 properties $500-$1M=    19 properties $1M-$1.5M=   9 properties $1.5M-$2M=   6 properties $2M-$5M=      10 properties $5M and up=    5 properties There were 145 new listings for single family homes and condos on the market so far in April.  There were 140 properties that were either accepted offers, contingent contract, executed contract; or sold.  This again showing us the inventory is being sold at the same pace it is coming on which is another positive sign. There were 49 properties that sold in the month of March.  This month's properties break down as follows. $0-$500K=     4 properties $500-$1M=    22 properties $1M-$1.5M=  6 properties $1.5M-$2M=  4 properties $2M-$5M=     14 properties $5M and up=  2 properties If you recall from last week in the month of April there were only 6 properties sold in the 2-5 Million range.  So far, that range has shown a tremendous increase in deals. Since, April 1 we have had 37 properties executed contract (meaning all contingencies have been met, awaiting close).  They were as follows: $0-$500K=    1 properties $500-$1M=    9 properties $1M-$1.5M=  6 properties $1.5M-$2M=  5 properties $2M-$5M=     11 properties $5M and up=  5 properties *note executed prices are based on most current list price We had an additional 75 properties that were accepted offers or in contract with contingencies. **All information from Greenwich MLS Sincerely, Jared Randall 203-273-1034 www.jaredrandall.prudentialct.com jaredrandall@prudential.com www.facebook.com/jaredrandallprudentialct Prudential Connecticut This week we have 61 open houses ranging from $499,000 to $8,990,000.  Every week we see more and more houses available.  The forecast calls for light rain, but then again they have said that numerous times this Spring, and I have not felt a drop.  Have a great weekend.  OPEN HOUSES APRIL 15  Address                    Town        List Price Hours Broker  21 Cary Rd                 Riverside    $499,00        1-4    Coldwell 51 Forest #173    Old Greenwich $525,000      1-3    Raveis 51 Forest #78      Old Greenwich $550,000      1-4      Raveis 6 Nassau Pl #4          Cos Cob      $560,000      1-4    Coldwell 453 E. Putnam  #1A   Cos Cob      $559,000      1-4 Prudential 6 Sherman Ave          Greenwich $599,000      2-4     **GFP 80 Laddins Rock  Old Greenwich $625,000      1-4  Prudential   84 Laddins Rock  Old Greenwich $659,000      1-4        Raveis 9 Melrose Pl               Greenwich  $669,000      1-5  Weichert 4 Mary Lane               Riverside    $695,000      1-4    Prudential 17 Brook Crossway   Greenwich $698,000      1-4     Coldwell 28 Woods Avenue     Greenwich  $699,000     12-3    Raveis 81 Sheephill Road       Riverside    $739,800      1-4   Coldwell 21 Sound Beach  Old Greenwich  $745,000      1-4      Raveis 60 Valley Rd               Cos Cob      $750,000       2-4      Raveis 19 Connecticut Ave   Greenwich   $825,000      1-4    Coldwell 2 Gerry St                  Greenwich   $825,000      2-4     **GFP 172 Field Point Rd #8  Greenwich  $850,000      1-4  Prudential 124 Milbank Ave         Greenwich  $899,000      1-4   Coldwell 127 Lake Ave             Greenwich   $920,000     1-4   Coldwell 41 Windsor Lane        Cos Cob       $925,000      1-4      Raveis 51 Forest Ave #36 Old Greenwich $999,500      2-4     Raveis 105 Hamilton Ave #7  Greenwich   $1,050,000   1-4  Prudential 316 Valley Road         Cos Cob       $1,072,000   1-3      Raveis 349 Riversville Road  Greenwich   $1,099,000    1-4     Raveis 95 Connecticut Ave   Greenwich   $1,099,000    1-4   Coldwell 4 Lockwood Dr   Old Greenwich   $1,200,000    1-4   Coldwell 12 Cottontail Rd          Cos Cob       $1,200,000    1-4   Coldwell 500 River Rd #9         Cos Cob       $1,275,000    1-4 Prudential 274 North St               Greenwich  $1,345,000   1-4  Prudential 32 Coachlamp Ln       Greenwich   $1,350,000   1-4      Raveis 9 Memory Lane          Greenwich   $1,395,000    2-4      **GFP  42 Stonebrook Ln      Cos Cob        $1,399,000   1-4 Sothebys 8 Osceola Drive         Greenwich   $1,500,000   1-4   Coldwell 25 Oval Avenue          Riverside     $1,675,000   2-5     Raveis 58 Orchard St Lot 1    Cos Cob       $1,695,000   1-3     Raveis 80 Porchuck Rd          Greenwich   $1,725,000   1-4  Coldwell 21 Cat Rock Rd           Cos Cob       $1,725,000   1-4  Coldwell 32 Meyer Place           Riverside      $1,750,000   1-4  Coldwell 32 Tomac Avenue Old Grenwich    $1,785,000   1-4  Coldwell 361 Stanwich Rd        Greenwich   $1,795,000   1-4 Sothebys 79 William Street         Greenwich   $1,975,000   2-4   Coldwell 7 Mulberry Ln              Cos Cob       $1,999,999   1-4      Raveis 9 Wallasy Way            Riverside      $,2,595,000  1-3 Sothebys 96 East Elm St #2        Greenwich   $2,595,000   1-4 Sothebys 45 Cedar Cliff Rd         Riverside      $2,775,000   1-4 Sothebys 5 Dawn Harbor Ln      Riverside      $2,785,000   1-4  Coldwell 2 Idar Ct. Unit A           Greenwich   $2,795,000   2-4     **GFP 331 Round Hill Rd       Greenwich    $2,950,000   1-4   Coldwell 61 Winding Ln             Greenwch     $2,975,000  2-4  Coldwell 5 Indian Drive        Old Greenwich    $3,295,000  1-4 Prudential 25 Windabout Drive    Greenwich     $3,495,000  2-4  Coldwell' 10 Spring House Rd    Greenwich    $4,350,000  2-4 Round Hill 12 Stillman Ln              Greenwich    $4,450,000  1-4 Prudential 3 Cherry Blossom Ln  Greenwich    $4,995,000  1-4 Prudential 29 Cliffdale Rd             Greenwich   $5,495,000   2-4   **GFP 5 Bridle Path Ln           Riverside       $6,275,000   2-4  Coldwell 504 North St                Greenwich    $6,850,000   1-4  Coldwell ***44 Upper Cross Lot 44 &35B                 Greenwich    $8,990,000  1-4  Coldwell *= Shore & Company **GFP=Greenwich Fine Properties ***= 44 Upper Cross Lots 44 an 35B   About Jared Randall Whether you are new to the community or a lifetime resident of Greenwich, Jared dedicates his time and skills to best represent you.  With a customized approach, Jared incorporates all of your family's needs into the process. His priority for individuals selling a home is to accentuate the unique offerings of the property that distinguish it in the marketplace and expose it to the broadest buying audience.  If purchasing a new home, Jared diligently combs through inventory to find a place that is best aligned with your desires at the most competitive price.  With almost two decades of experience in executive sales with Fortune 100 companies, Jared applies his fine-tuned negotiating skills to every transaction. Jared grew up in Northern California.  He spent much of his childhood in Tahoe City, a small town of picturesque Lake Tahoe.  A former Sales Executive